Originally posted by Gekkko
Great research thanks
@olympian . I bought more PGM yesterday at 6.7c BTW. When signing off with OWEP can you explain that acronym/abbreviation ?
Cheers clear.png
OWEP = Opinion with extreme prejudice
Made heaps first time round from 16 to 187 Gekko
Was expecting to repeat dose and more with Skaergaard cos from a project development angle RM was / is IMO the best suited to realise this one for us but unfortunately he left just as the spreadsheet would have started looking really sexy. Not sure about current leaders' view / direction on this even tho Pd price has broken into blue since and would make the SS numbers look even sexier.
And don't forget the 2013 SS was only based on about a third the already delineated resource and there was a high grade kicker expected to be found in next stage drilling for PFS which to this date has not eventuated, tho suspect current market would justify.
Sure Scandium should make us No 1 in the world but that's still a market development exercise and a simple product manager at a third the CEO's cost could run with that from here. We were much advanced with Chinalco in that first run from 2c to 30c but Xi pulled the pin on Chinese Aluminium industry and all new projects when he came into power, with a third of Chinalco work force being relocated to other sectors. Reckon I may have picked the new smelter which may have tried a batch near me if not for the politics, but that's still in mothballs. Has a direct rail link to an Alumina refinery 500km away ready to go whenever. Al-Sc alloys will happen but that's a long term market development project for booming global economic times. PGM is (under)priced on that alone. And dealing with the Chinese is easy if you take the right approach, which unfortunately most westerners don't. Long learning exercise for the uninitiated.
But Palladium is HOT NOW and GETTING HOTTER and Gold looks ready to rock ...... they could both easily be AUD 2000 / oz anytime from here and much more when the party ends in the USD and Euro and JPY and they have to start printing bigtime again. Hope 2000 is one of the price levels used in the upgraded SS underway, tho I also want to see what is the critical mass for go and based a decent 30 pct IRR etc. Tho we may not have defined the Vanadium content well enough yet for the full numbers but that would be a very valuable bonus..... prob needs re-analysis of some drill cores ??? (Btw nice to show us the prices for 2013 and now in the last preso, but no mention of FX to show the real pix relevant to us?)
So until the new guys show me they are focused on raising our Ice Queen to her long overdue station the market is NOW providing opportunity for, I am only at base core holding and with a little trading between the pivots to justify the holding costs. Friedland would be salivating at an opportunity to swallow us for peanuts but he knows that aint poss unless he can first privately assimilate some of the top shareholdings. He might have agents in here working on our price haha. Speculation of course.
So yeah, come on boyz, don't talk to us about finding new projects cos they may be easy, we already control the mother of all projects in Skaergaard, Greenland with 40 mill ozs precious metals already known and a cornucopia of other goodies to turn us into a major if you are capable of playing it right. And you have 50,000 Laplanders keen to work for peanuts and an accommodating Government as well !!! Located between the Canadians with the knowhow and the Europeans with the need. An MD should be focusing on the big pix and lining up the gurus and financial backers to give it a real go, to DFS at least before even thinking of giving away any part, except to cornerstone investor / IPO in Nth America for the DFS funding .... in-specie distribution, IPO for DFS funds for say 25 pct equity, bit of PR ahead of it to show its real upside.
Make a name for yourselves and heaps of bucks for your and our pockets. It's all under your noses but requires some smart thinking and good horse-trading. I dare you to become Olympians and be worthy of representing us. Sprott just did a two part article on Palladium and its future and geez we would already have his call-card thru the connect with Munni Munni, and Dines was recently looking for a pure Palladium play, tho doubt he wouldn't also appreciate the Gold by-product haha. What a start for some market appreciation and recognition.
Technos IMO next run (third time lucky) thru 8.2+ should take us back to 12-14 PP. IMO we should be already basing in 20 -25 range ready for a launch to the first major rerate level circa the 62 PP. Disappointing we are not there already given lessor peer market caps. But seems to me someone is in quiet accumulation mode and playing the game accordingly.
There are so many good projects around looking for Olympians to do them justice. But IMO, PGM already has the best, so no need to look elsewhere, Focus, focus please.
Lets see the upgraded Scoping Study numbers first hey.
OWEP
